Nigeria under the same Current APC continously look so insensitive towards the plight of Nigerians.
They actually don’t care but more interested in appearing Nice than being nice.
The so-called budget of renewed Hope is broken down below by @firstladyship
Read carefully so you understand how dangerously corrupt this government is..
Here is the breakdown of their so-called 2024 Budget of Renewed Hope.
Total Budget size: N28.78 Trillion.
Capital Expenditure: N10 Trillion.
Recurrent Expenditure: N8.8 Trillion
Borrowings or loans: N8.2 Trillion.
Statutory Transfers: N1.7 Trillion.
Extra N1.2 trillion was smuggled into the budget for reasons that are very unclear.
Only 2% is devoted to education for a country with over 20 million “out of school children.” It means there’ll be ASUU strikes this year, & the bogus student loan is not feasible. The illiteracy & gullibility rate in Nigeria will balloon.
Poverty & direct assaults on any type of Education, are one of the major policies of the APC. Those guys are against any form of enlightenment or emancipation.
Only about 0.11% is devoted to sports development, in a year Nigeria will be participating in major sporting events. It means the Super Eagles could be owed for participating at the Nations Cup.
NASS smuggled N12.12 billion inside the budget as “Take-off Grant” to build a so-called library for the indolent National Assembly. And extra N3 billion to buy books. Your current lawmakers, do you see them as any type intellectuals? Do you see them as the type of people who read?
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Food Feeding Program: N100 billion. Put your eye on the new Madam Palliatives, Betta Edu. Nigeria should not have the repeat of the School Feeding Program Scam that happened during the Covid-19 lockdown.
Sadiya Umar Farouq is yet to account for the billions she received as the former Madam Palliatives. Madam Imprest is enjoying her cash out! Buhari is very pleased!
Now that the budget is passed. The big challenge is the implementation.
Politicians & their acolytes will now relocate to Abuja to lobby for those juicy contracts. While many line items in the budget are bogus, others will not be executed.
Most of the N28.78 trillion will end up in private pockets. We know how it works!
They are parroting their mouths that the Budget Deficit of N7.82 Trillion is going to be financed through Revenues. The question is how? Your OPEC Quota is 1.5 Million barrels/day. Yet, you hardly meet the target. Much of the less than 1.2 barrels/day oil produced, are stolen by the IOCs, in cahoots with the same criminally minded politicians.
Dr. Shobowale who is an Economist, he said & I quote, “the 2024 budget is in fact a 23% decline from the 2023 budget.” He went further to say that 2024 will be the toughest year for Nigerians, economically.
It means the 2024 budget is dead on arrival.
A Peter Obi would have devoted 15% to Education. He would have devoted 15% to Healthcare. A Peter Obi would have devoted the monies saved from subsidy towards HDI, & in pulling Nigerians out of poverty.
Finally, a Peter Obi would have brought in the much needed FDIs into Nigeria. Diaspora Nigerians had hoped to bring in $50 billion of their hard earned monies into the economy, but INEC & the Supreme Court had other ideas.
Bola Tinubu will not only struggle with Propaganda, he will struggle with governance. As the number one image maker or the Chief Marketing Officer of Brand Nigeria, Tinubu is tainted & grossly unqualified to steer the ship of the Nigeria state.
Especially now that Nigeria is in dire straits. At the end of the day, what’s left to play for, is anyone’s guess! Lesson teachers & bag men.
-Nefertiti
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